Allegiant Travel (ALGT) Prices 1.35M Share Offering at $219

Allegiant Travel Company (NASDAQ: ALGT) announced that it priced the underwritten public offering of 1,350,000 shares of its common stock at a public offering price of $219.00 per Share, for aggregate gross proceeds of $295,650,000.00. Allegiant has granted the underwriters of the Offering a 30-day option to purchase up to 202,500 additional Shares. The Offering is expected to close on or about May 10, 2021, subject to the satisfaction of customary closing conditions.

Allegiant expects to use the net proceeds of the Offering for airline growth opportunities and general corporate purposes, including the acquisition of aircraft and repayment of existing indebtedness.

Barclays and Morgan Stanley are acting as underwriters for the Offering.

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